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Minya gold and real estate crash leads to citizen losses
Security authorities in Minya have apprehended a group of scammers who had embezzled money from citizens by claiming to invest it in real estate and gold jewelry trading, promising them monthly profits in return. The police received reports from five individuals in the Adwa Police Station area against two men and three women. It was confirmed that cases of fraud and deception had occurred, with victims transferring sums of money under the pretext of earning profits, but the suspects failed to fulfill their promises and refused to return the funds. The incident began in May, and investigations have been completed, leading to the arrest of the suspects. The Public Prosecution emphasized the importance of caution when dealing with untrustworthy entities that offer guarantees of fixed profits without legal assurances.
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